NIFTY Bearish Channel Breakdown Setup

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NIFTY Bearish Channel Breakdown SetupNifty 50 IndexNSE_DLY:NIFTYLiquidity_Trader007📊 NIFTY (4H) 🔍 Analysis: • Price is trading within a well-defined descending channel, respecting both resistance and support boundaries. • Multiple rejections from the upper trendline confirm strong seller presence in the market. • Recent price action shows weakening bullish momentum and continued lower highs formation. • As long as price remains below the channel resistance zone, downside pressure is expected to persist. 🎯 Targets: • 1st Target: 22,997 • 2nd Target: 22,611 ⚠️ Invalidation: • A sustained break and close above 23,650 would invalidate the bearish outlook. 📈 Bias: Bearish 🔴